The Starbiz 14/5/2010, page B3.For the year 2010 Maybank’s profit is expected to be about RM 4 Billion.
To start off with an Indian however capable or qualified will never get to become the Chief Executive Officer of Mayban.k Indians will also similarly be excluded from the top twenty positions, and Executive and Managerial positions.
PNB with 8.9 million malay muslim shareholders own a controlling interest in Maybank.
1) PNB equity from RM540 million in 1981 rose to RM76.7 billion in 2008 today. PNB is
the world’s largest and most successful unit trust with ownership spread among 8.9 Million Malay shareholders, and an increase of 10 times from 840,000 shareholders in 1981. PNB today controls Maybank, Sime Darby, MIDF, Island and Peninsula, UMW Holdings to name a few. Since 1981, RM60 billion was paid out to 8.9 Million Malay shareholders at an average of RM6,741 per shareholder (NST 21/04/2008 page2).
2) Unlike Maika UMNO on the contrary tasked professionals under a government instituted body for PNB. Had UMNO done the very same PNB style strategy for MAIKA Holdings, 80% of these 66,459 poor Indians would have come out of their lower income status and perhaps moved up to at least the lower income group. But because of UMNO’s Malay muslim racist and supremacist agenda by design, these 66,459 low income Indians have now most likely slipped from the lower income group to poverty level, if not the hardcore poverty level.
UMNO would never accord shares in for example Maybank to Maika Holdings for the Indians to also share the Maybank’s RM 4 billion yearly profits and wealth of the country. Who speaks for the Indians? PKR? DAP? PAS? Elite Indians? NGOs’? Bloggers?
P. Uthayakumar
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